Beijing Tongrentang Co (SHSE:600085) Cyclically Adjusted PB Ratio: 3.00 (As of Aug. 27, 2026) — 53% Below Median

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SHSE:600085 Beijing Tongrentang Co Ltd SHSE:600085
81 GF Score
Price ¥24.35
GF Value ¥35.95
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Beijing Tongrentang Co Cyclically Adjusted PB Ratio?

Beijing Tongrentang Co SHSE:600085 -0.41% 81 Cyclically Adjusted PB Ratio is 3.00 as of Aug. 27, 2026, which is 53% below its 10-year median of 6.37. GuruFocus rates SHSE:600085 with a GF Score™ of 81/100 and a GF Value™ of ¥35.95 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 646 Drug Manufacturers companies, Beijing Tongrentang Co ranks worse than 70.59% on this metric.

As of today (2026-08-27), Beijing Tongrentang Co's current share price is ¥24.35. Beijing Tongrentang Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥8.11. Beijing Tongrentang Co's Cyclically Adjusted PB Ratio for today is 3.00.

The historical rank and industry rank for Beijing Tongrentang Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:600085' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.76   Med: 6.37   Max: 10.17
Current: 2.93

During the past years, Beijing Tongrentang Co's highest Cyclically Adjusted PB Ratio was 10.17. The lowest was 2.76. And the median was 6.37.

SHSE:600085's Cyclically Adjusted PB Ratio is ranked worse than
70.59% of 646 companies
in the Drug Manufacturers industry
Industry Median: 1.725 vs SHSE:600085: 2.93

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Beijing Tongrentang Co's adjusted book value per share data for the three months ended in Mar. 2026 was ¥10.270. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ¥8.11 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Beijing Tongrentang Co  (SHSE:600085) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Beijing Tongrentang Co Cyclically Adjusted PB Ratio Related Terms


Beijing Tongrentang Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Beijing Tongrentang Co's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Beijing Tongrentang Co Cyclically Adjusted PB Ratio Chart

Beijing Tongrentang Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.60 6.87 7.68 5.42 4.05

Beijing Tongrentang Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.81 4.68 4.33 4.05 3.43

SHSE:600085 vs ZTS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Beijing Tongrentang Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Beijing Tongrentang Co Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Beijing Tongrentang Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Beijing Tongrentang Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600085
81GF Score
Beijing Tongrentang Co Ltd SHSE:600085
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Beijing Tongrentang Co Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Beijing Tongrentang Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.35/8.11
=3.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Beijing Tongrentang Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Beijing Tongrentang Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=10.27/116.3033*116.3033
=10.270

Current CPI (Mar. 2026) = 116.3033.

Beijing Tongrentang Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.383 101.400 6.174
201609 5.530 102.400 6.281
201612 5.683 102.600 6.442
201703 5.894 103.200 6.642
201706 5.862 103.100 6.613
201709 6.004 104.100 6.708
201712 6.137 104.500 6.830
201803 6.337 105.300 6.999
201806 6.360 104.900 7.051
201809 6.551 106.600 7.147
201812 6.753 106.500 7.375
201903 6.988 107.700 7.546
201906 6.978 107.700 7.535
201909 7.141 109.800 7.564
201912 6.734 111.200 7.043
202003 6.921 112.300 7.168
202006 6.839 110.400 7.205
202009 6.975 111.700 7.262
202012 7.169 111.500 7.478
202103 7.405 112.662 7.644
202106 7.343 111.769 7.641
202109 7.551 112.215 7.826
202112 7.754 113.108 7.973
202203 8.038 114.335 8.176
202206 8.051 114.558 8.174
202209 8.298 115.339 8.367
202212 8.612 115.116 8.701
202303 8.975 115.116 9.068
202306 9.051 114.558 9.189
202309 9.334 115.339 9.412
202312 9.521 114.781 9.647
202403 9.902 115.227 9.994
202406 9.720 114.781 9.849
202409 9.463 115.785 9.505
202412 9.622 114.893 9.740
202503 10.043 115.116 10.147
202506 9.793 114.907 9.912
202509 9.963 115.471 10.035
202512 9.958 115.832 9.998
202603 10.270 116.303 10.270

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 3.00 mean?
Beijing Tongrentang Co (SHSE:600085) has a Cyclically Adjusted PB Ratio of 3.00 as of Aug. 27, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Beijing Tongrentang Co and its competitors. This is 53% below median its historical median of 6.37. Over the past decade, Beijing Tongrentang Co's Cyclically Adjusted PB Ratio has ranged from 2.76 to 10.17. According to the industry distribution chart, Beijing Tongrentang Co ranks #456 out of 646 companies in the Drug Manufacturers industry, placing it in the top 70.6%.
Is Beijing Tongrentang Co's Cyclically Adjusted PB Ratio too high?
Beijing Tongrentang Co's current Cyclically Adjusted PB Ratio of 3.00 is 53% below median its 10-year median of 6.37. Over the past 10 years, this metric has ranged from a low of 2.76 to a high of 10.17. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.73. Beijing Tongrentang Co's value of 3.00 is 73.9% above this industry median. Based on the distribution chart, Beijing Tongrentang Co ranks #456 out of 646 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Beijing Tongrentang Co has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Beijing Tongrentang Co's Cyclically Adjusted PB Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Beijing Tongrentang Co ranks #456 out of 646 companies for Cyclically Adjusted PB Ratio. This places Beijing Tongrentang Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.73. Beijing Tongrentang Co's value of 3.00 is 73.9% above this benchmark. Historically, Beijing Tongrentang Co's own Cyclically Adjusted PB Ratio has ranged from 2.76 to 10.17 over the past decade. While the company's 10-year median is 6.37 vs. the industry median of 1.73, Beijing Tongrentang Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.73, based on 646 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Beijing Tongrentang Co's current Cyclically Adjusted PB Ratio of 3.00 is 73.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Beijing Tongrentang Co and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beijing Tongrentang Co's current Cyclically Adjusted PB Ratio is 3.00, which is 53% below median its own 10-year median of 6.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijing Tongrentang Co stock overvalued right now?
Based on GuruFocus' analysis, Beijing Tongrentang Co (SHSE:600085) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥35.95, compared to a current price of ¥24.35 — trading 32.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.00, which is 53% below median its 10-year median of 6.37 and 73.9% above the Drug Manufacturers industry median of 1.73. Beijing Tongrentang Co's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Beijing Tongrentang Co (SHSE:600085), the current Cyclically Adjusted PB Ratio is 3.00 as of Aug. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Beijing Tongrentang Co (SHSE:600085) Overvalued in 2026?

Based on GuruFocus' analysis, Beijing Tongrentang Co stock appears to be undervalued. The current stock price of ¥24.35 is trading 32.3% below its estimated GF Value™ of ¥35.95. GuruFocus considers Beijing Tongrentang Co to be Significantly Undervalued.

Key valuation signals for SHSE:600085:

  • Cyclically Adjusted PB Ratio: 3.00 (53% below median its 10-year median of 6.37)
  • GF Value™: ¥35.95 vs. price of ¥24.35 (32.3% below fair value)
  • GF Score™: 81/100 with 4 warning signs
  • Industry Position: 73.9% above the Drug Manufacturers median (#456 of 646)

No single metric tells the full story. See the SHSE:600085 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Beijing Tongrentang Co Business Description

Address No. 42, Chongwenmenwai Street, Dongcheng District, Beijing, CHN, 100062
Beijing Tongrentang Co Ltd is a China-based company operating in the traditional Chinese medicinal industry. The company produces modern pharmaceuticals and operates retail businesses and medical services. The company's main products consist of Liuwei Dihuang series, Tongren Dahuoluo series, Tongren Niuhuang Qingxin series, Angong Niuhuang series, and Donkey-hide gelatin series. It distributes its products under the brand of Tongrentang.
81GF Score

Get the complete analysis for SHSE:600085

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥24.35
Price
¥35.95
GF Value